Financial Institutions

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on May 26, 2020.

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Governor Lee Establishes Economic Recovery Group to Reboot Tennessee Economy

Thursday, April 16, 2020 | 04:18pm

Today, Governor Bill Lee established the Economic Recovery Group, a joint effort between state departments, members of the legislature and leaders from the private sector to build guidance to safely reboot Tennessee’s economy. “COVID-19 has not only created a public health crisis, it has hurt thousands of businesses and hundreds of thousands of hardworking Tennesseans,” said Gov. Lee. “As we work to safely open Tennessee’s economy, this group will provide guidance to industries across the state on the best ways to get Tennesseans back to work.”

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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MAY 27, 2020

Governor Lee Establishes Economic Recovery Group to Reboot Tennessee Economy

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